Company Registration No. 11511523 (England and Wales)
Favell Mobile Plant Repairs Ltd
Unaudited accounts
for the year ended 31 August 2023
Favell Mobile Plant Repairs Ltd
Unaudited accounts
Contents
Favell Mobile Plant Repairs Ltd
Company Information
for the year ended 31 August 2023
Company Number
11511523 (England and Wales)
Registered Office
SUNNYBANK NORTH END
GOXHILL
BARROW-UPON-HUMBER
DN19 7JX
UNITED KINGDOM
Favell Mobile Plant Repairs Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
177,072
136,864
Cash at bank and in hand
39,596
37,888
Creditors: amounts falling due within one year
(102,223)
(69,976)
Net current assets
13,324
17,062
Total assets less current liabilities
190,396
153,926
Creditors: amounts falling due after more than one year
(31,754)
(43,331)
Net assets
158,642
110,595
Called up share capital
1
1
Profit and loss account
158,641
110,594
Shareholders' funds
158,642
110,595
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 January 2024 and were signed on its behalf by
Mark Favell
Director
Company Registration No. 11511523
Favell Mobile Plant Repairs Ltd
Notes to the Accounts
for the year ended 31 August 2023
Favell Mobile Plant Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 11511523. The registered office is SUNNYBANK NORTH END, GOXHILL, BARROW-UPON-HUMBER, DN19 7JX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
15% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
60,611
108,660
6,494
175,765
Additions
31,414
37,746
-
69,160
At 31 August 2023
92,025
146,406
6,494
244,925
At 1 September 2022
17,256
18,405
3,240
38,901
Charge for the year
11,578
16,300
1,074
28,952
At 31 August 2023
28,834
34,705
4,314
67,853
At 31 August 2023
63,191
111,701
2,180
177,072
At 31 August 2022
43,355
90,255
3,254
136,864
Favell Mobile Plant Repairs Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
75,951
49,150
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
13,351
10,019
Trade creditors
17,377
20,992
Taxes and social security
16,283
6,549
Loans from directors
30,620
15,553
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
21,254
26,831
8
Average number of employees
During the year the average number of employees was 4 (2022: 2).